Most people know that Amazon Payments is the easiest way to meet minimum spend on your credit card. The common method is transfering $1,000 per month from person A to person B. However, is there any way to safely transfer more than $1,000 per month?
Using Amazon Payments to transfer funds from person A to person B to person A is generally not a good idea and could risk shut down.
Also, creating multiple accounts for yourself is also not a good idea because you are required to enter your SSN and will most likely be shut down as well.
What other options can you take to transfer more than $1,000 per month? Amazon Payments 3 Person Method, see below.
A general rule to Amazon Payments is not to cross streams, meaning do not transfer from A to B and back to A or A to B to C to A. Therefore, the only option forseeable is transfering from person A to person B to person C.
One person can accomplish all this by the following:
- Person B buys gift cards for person A. You can buy $500 Visa gift cards or $3,000 AMEX gift cards through BigCrumbs (1.4% cash back).
- Person A sends $1,000 of gift cards to Person B.
- Person B sends $1,000 of any credit card to Person C.
- Person C withdraws.
- Result: Person B transfers $2,000 per month.
In this scenario, person B transfers $1,000 to himself indirectly throught person A and $1,000 to person C. In the end, person B is meeting $2,000 of spend at no cost per month. Hence, the Amazon Payments 3 Person Method.
This could be a great way to meet large minimum spends on credit cards such as Chase Ink Bold ($5,000) or AMEX SPG ($5,000). Of course there are other methods, but Amazon Payments is probably the best no fee method there is out there. I know that many people say that bringing exposures to Amazon Payments will shut it down, but major bloggers that are 10X bigger than me have posted about it and it is still alive. Why keep any secrets?
Here is my previous article on Amazon Payments.
If you would like to apply for the Chase Ink Bold or American Express Starwood Preferred Guest Card, you can apply through my banner link on the right column of my site.
Caution: I’ve verified that this has worked for about 3 months, but use at your discretion. I don’t believe it is against the terms and conditions of Amazon Payments.
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